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The Banque de France

The Banque de France is an independent institution governed by French and European law, and a member of the Eurosystem, which is the federal system comprising the European Central Bank and the national central banks of the euro area.

Economics

The Banque de France provides economic expertise in the form of research, forecasts and contributions to international financial bodies. Through these activities, it helps to establish a complete diagnosis of the economy, which is necessary for the conduct of monetary policy.

Banknotes

The Banque de France carries out a broad range of cash-related activities: it issues banknotes, monitors recirculated banknotes and puts coins into circulation. It is also steering the modernisation of the cash cycle, in conjunction with its clients.

Financial overview of Investment Funds – France
2018Q2

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2nd quarter 2018: Non-money market funds record negative outflows of -18 billion, mainly due to non-resident investors withdrawals (-9 billion for the euro area and -7 billion for the rest of the world). In terms of investments, non-money market funds sell shares and long-term debt securities for 16 billion respectively and these disinvestments mainly concern foreign securities (-23 billion).Money market funds record net outflows of EUR 12 billion as a result of withdrawals by resident financial corporations (EUR -17 billion) and non-resident investors from the euro area (EUR -7 billion).

Note: As from this publication, real estate funds are integrated in data; Rounding differences mean that an aggregate may not be exactly equal to the sum of its components.

Source: Banque de France

(a) Variation of outstanding amounts for Money Market Funds(b) net loans and net other assets include financial derivatives, non- financial assets and other receivables, net of other liabilities(c) excluding loans and other net assets ; only securities portfolio(d) Others added to Non-Financial Corporations include others Financial Institutions of the rest of the world (non MFIs as Insurance Corporations) (e) Others : Non Money Market funds, Insurance and other Financial Institutions(f) Consolidated Data: consolidated outstanding of money market fund shares or units do not include the resident securities held by money market funds themselves(g) Quarterly holdings data are provisional and will be revised next quarter